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Sunday, May 20, 2018

Blockchain Definitions

A thoughtful set of definitions:

What is a blockchain?
Unpacking the complexity of blockchain, term by term.

By Mike Loukides May 17, 2018

Read "What are Enterprise Blockchains?" and learn how organizations are applying blockchain technology.

So, what is a blockchain? It's a complicated question because the inventor of Bitcoin, the pseudonymous Satoshi Nakamoto, didn't use the term in the original Bitcoin paper. For many, “the blockchain” is nothing more than a shorthand for "how Bitcoin works." But more usefully, the blockchain is a distributed ledger, shared by untrusted participants, with strong guarantees about accuracy and consistency. What does that mean? Let's unpack it term by term: .... " 

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